NORDEX SE : Environment broadly more favourable for Nordex but several risks can weigh on the pace of recovery
>Main topics discussed at our road show in Madrid - We organised a physical roadshow in Madrid on 6 and 7 March with Nordex's head of IR Felix Zander. The principal topics raised by investors were: 1/ the main risks still weighing on the company's performance and the extent to which they are incorporated into the 2024 EBITDA margin guidance of 2% to 4%; 2/ the impact of the fall in the market price of electricity on demand momentum; 3/ expectations for 2025 and the li...Nordex is a holding company. Co. is a supplier of multimegawatt onshore wind turbines for locations characterised by strong, medium and light wind conditions. Co. focuses on developing and producing the entire system including the control software as well as the main core components and on providing related services. This mainly refers to the sale of wind power systems and, in selected markets, the upstream wind farm project development and sale of turnkey solutions. In addition, Co. assembles wind turbines and provides the necessary after-sales service. Co.'s finance department also supports customers to raise project finance via national and international commercial banks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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